RMR Wealth Builders Sells 1,393 Shares of NextEra Energy, Inc. (NYSE:NEE)

RMR Wealth Builders lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,638 shares of the utilities provider’s stock after selling 1,393 shares during the period. RMR Wealth Builders’ holdings in NextEra Energy were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in shares of NextEra Energy by 846.9% during the 2nd quarter. Acadian Asset Management LLC now owns 55,613 shares of the utilities provider’s stock valued at $3,937,000 after purchasing an additional 49,740 shares in the last quarter. Andra AP fonden bought a new position in shares of NextEra Energy during the 2nd quarter valued at about $92,000. Eagle Strategies LLC bought a new position in shares of NextEra Energy during the 2nd quarter valued at about $473,000. Ullmann Wealth Partners Group LLC raised its position in NextEra Energy by 4.3% in the 2nd quarter. Ullmann Wealth Partners Group LLC now owns 6,954 shares of the utilities provider’s stock valued at $492,000 after buying an additional 284 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in NextEra Energy by 2.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,167,277 shares of the utilities provider’s stock valued at $161,069,000 after buying an additional 51,695 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $67.39 on Friday. The stock’s 50-day simple moving average is $74.23 and its 200 day simple moving average is $77.27. The firm has a market capitalization of $138.58 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were given a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 3.06%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.15.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.